White Knight

When a company has financial problems, a white knight is another entity who buys the company or invests enough money into it to save it.

YouTube / iTunes / Spotify / Radio Public / Pocket Casts / Google Podcasts / Breaker / Overcast

Listen to ArtisanEnglish.jp posts & lesson intros here.



Word of the Day: White Knight

Let’s talk business.

When a company is in financial trouble, one option to get out of it is to find a white knight.


A white knight is another company or even a person who can buy the company or invest enough money into it to get it out of trouble.


As a recent example, at the beginning of summer, Mitsubishi was embroiled in a scandal regarding fuel mileage.

Well, Nissan came along and purchased a controlling interest in Mitsubishi.


This post is understandable by someone with at least a 9th-grade education (age 15).  

On the Flesch-Kincaid reading-ease test, this post scores 58.  

The easier a passage is to read, the higher the score on a scale of 0 – 100.



Posted

in

by